Taiwan Tea Corp
Taiwan Tea Corporation engages in the plantation, cultivation, production, and sale of tea products in Taiwan. It also engages in the recreational tea farming land development activities; and marketing channel business. In addition, the company involved in the construction engineering business, including decoration works, compartment works, ceiling works, anti-smoke vertical wall works, painting … Read more
Taiwan Tea Corp (2913) - Net Assets
Latest net assets as of September 2025: NT$12.45 Billion TWD
Based on the latest financial reports, Taiwan Tea Corp (2913) has net assets worth NT$12.45 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$21.33 Billion) and total liabilities (NT$8.88 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$12.45 Billion |
| % of Total Assets | 58.36% |
| Annual Growth Rate | 1.5% |
| 5-Year Change | -20.63% |
| 10-Year Change | -22.3% |
| Growth Volatility | 16.57 |
Taiwan Tea Corp - Net Assets Trend (2000–2024)
This chart illustrates how Taiwan Tea Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taiwan Tea Corp (2000–2024)
The table below shows the annual net assets of Taiwan Tea Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$12.53 Billion | -1.35% |
| 2023-12-31 | NT$12.71 Billion | -2.16% |
| 2022-12-31 | NT$12.99 Billion | -11.52% |
| 2021-12-31 | NT$14.68 Billion | -7.06% |
| 2020-12-31 | NT$15.79 Billion | +0.18% |
| 2019-12-31 | NT$15.76 Billion | -2.40% |
| 2018-12-31 | NT$16.15 Billion | -0.82% |
| 2017-12-31 | NT$16.29 Billion | +1.42% |
| 2016-12-31 | NT$16.06 Billion | -0.45% |
| 2015-12-31 | NT$16.13 Billion | +7.32% |
| 2014-12-31 | NT$15.03 Billion | +1.80% |
| 2013-12-31 | NT$14.77 Billion | +15.25% |
| 2012-12-31 | NT$12.81 Billion | +16.02% |
| 2011-12-31 | NT$11.04 Billion | +3.22% |
| 2010-12-31 | NT$10.70 Billion | +9.12% |
| 2009-12-31 | NT$9.80 Billion | +18.18% |
| 2008-12-31 | NT$8.30 Billion | +9.49% |
| 2007-12-31 | NT$7.58 Billion | +12.35% |
| 2006-12-31 | NT$6.74 Billion | -0.95% |
| 2005-12-31 | NT$6.81 Billion | +58.95% |
| 2004-12-31 | NT$4.28 Billion | -32.63% |
| 2003-12-31 | NT$6.36 Billion | +1.03% |
| 2002-12-31 | NT$6.29 Billion | -28.66% |
| 2001-12-31 | NT$8.82 Billion | +0.59% |
| 2000-12-31 | NT$8.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Tea Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 133518700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$7.90 Billion | 63.03% |
| Other Components | NT$5.97 Billion | 47.62% |
| Total Equity | NT$12.53 Billion | 100.00% |
Taiwan Tea Corp Competitors by Market Cap
The table below lists competitors of Taiwan Tea Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carlton Investments Ltd
AU:CIN
|
$180.09 Million |
|
Guangdong Dcenti Auto-Parts Stock Ltd Co
SHG:603335
|
$180.17 Million |
|
Kina Securities Ltd
AU:KSL
|
$180.23 Million |
|
CCP Contact Probe Co Ltd
TWO:6217
|
$180.23 Million |
|
Strickland Metals Ltd
AU:STK
|
$180.04 Million |
|
Beijing Fjr Optoelectronic Technology Co Ltd
SHG:688272
|
$179.97 Million |
|
CRAWFORD + CO. B DL 1
F:CWK
|
$179.93 Million |
|
ITALIAN WINE BRANDS SPA
F:MR3
|
$179.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Tea Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,705,300,000 to 12,534,218,000, a change of -171,082,000 (-1.3%).
- Net loss of 175,090,000 reduced equity.
- Other comprehensive income decreased equity by 3,802,245,000.
- Other factors increased equity by 3,806,253,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-175.09 Million | -1.4% |
| Other Comprehensive Income | NT$-3.80 Billion | -30.33% |
| Other Changes | NT$3.81 Billion | +30.37% |
| Total Change | NT$- | -1.35% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Tea Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.77x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$15.63 | NT$12.25 | x |
| 2007-12-31 | NT$16.08 | NT$12.25 | x |
| 2008-12-31 | NT$16.07 | NT$12.25 | x |
| 2009-12-31 | NT$18.36 | NT$12.25 | x |
| 2010-12-31 | NT$18.30 | NT$12.25 | x |
| 2011-12-31 | NT$18.11 | NT$12.25 | x |
| 2012-12-31 | NT$18.60 | NT$12.25 | x |
| 2013-12-31 | NT$20.07 | NT$12.25 | x |
| 2014-12-31 | NT$20.82 | NT$12.25 | x |
| 2015-12-31 | NT$21.38 | NT$12.25 | x |
| 2016-12-31 | NT$20.82 | NT$12.25 | x |
| 2017-12-31 | NT$21.11 | NT$12.25 | x |
| 2018-12-31 | NT$20.59 | NT$12.25 | x |
| 2019-12-31 | NT$19.95 | NT$12.25 | x |
| 2020-12-31 | NT$19.99 | NT$12.25 | x |
| 2021-12-31 | NT$18.58 | NT$12.25 | x |
| 2022-12-31 | NT$16.44 | NT$12.25 | x |
| 2023-12-31 | NT$16.08 | NT$12.25 | x |
| 2024-12-31 | NT$15.87 | NT$12.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Tea Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.43%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.71x
- Recent ROE (-1.40%) is below the historical average (0.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.63% | 4.38% | 0.13x | 2.91x | NT$-730.16 Million |
| 2006 | -1.72% | -5.86% | 0.12x | 2.49x | NT$-777.42 Million |
| 2007 | 0.97% | 5.13% | 0.08x | 2.27x | NT$-670.11 Million |
| 2008 | 0.15% | 0.57% | 0.13x | 2.09x | NT$-802.17 Million |
| 2009 | 1.25% | 6.68% | 0.09x | 1.98x | NT$-845.17 Million |
| 2010 | 1.70% | 11.95% | 0.09x | 1.67x | NT$-883.59 Million |
| 2011 | 1.89% | 13.23% | 0.08x | 1.70x | NT$-891.08 Million |
| 2012 | 7.50% | 41.41% | 0.10x | 1.78x | NT$-314.31 Million |
| 2013 | 7.06% | 57.62% | 0.08x | 1.53x | NT$-425.05 Million |
| 2014 | 5.54% | 44.27% | 0.09x | 1.44x | NT$-670.83 Million |
| 2015 | 4.71% | 81.11% | 0.04x | 1.60x | NT$-853.51 Million |
| 2016 | 1.93% | 50.78% | 0.03x | 1.52x | NT$-1.30 Billion |
| 2017 | 3.82% | 27.62% | 0.10x | 1.45x | NT$-1.01 Billion |
| 2018 | -0.26% | -16.52% | 0.01x | 1.51x | NT$-1.66 Billion |
| 2019 | -0.93% | -48.81% | 0.01x | 1.56x | NT$-1.72 Billion |
| 2020 | -0.11% | -5.57% | 0.01x | 1.59x | NT$-1.60 Billion |
| 2021 | -7.65% | -303.99% | 0.02x | 1.65x | NT$-2.59 Billion |
| 2022 | -12.59% | -433.72% | 0.02x | 1.68x | NT$-2.93 Billion |
| 2023 | -2.26% | -75.75% | 0.02x | 1.70x | NT$-1.56 Billion |
| 2024 | -1.40% | -40.43% | 0.02x | 1.71x | NT$-1.43 Billion |
Industry Comparison
This section compares Taiwan Tea Corp's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,092,242,800
- Average return on equity (ROE) among peers: 8.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Tea Corp (2913) | NT$12.45 Billion | 1.63% | 0.71x | $180.09 Million |
| Shin Tai Industry Co Ltd (1235) | $866.19 Million | -5.27% | 0.95x | $3.08 Million |
| Morn Sun Feed Mill Corp (1240) | $1.03 Billion | 13.30% | 0.66x | $50.32 Million |
| Flavor Full Foods Inc. (1260) | $2.32 Billion | 1.42% | 0.93x | $22.81 Million |
| Lytone Enterprise, Inc. (1293) | $179.91 Million | 20.35% | 0.69x | $8.11K |
| Dawushan Farm Tech Co Ltd (6952) | $1.07 Billion | 14.95% | 0.85x | $20.50 Million |